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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 27, 1974, Lethbridge, Alberta LETHBRIOOE March Co-op housing grants boosted TORONTO (CP) The fed- eral government will provide about million in loans and grants for non-profit and co- operative housing projects throughout Canada this year, Urban Affairs Minister Ron Basford says. The urban affairs minister told a federal-provincial non- profit and co-operative Happiness is NOOK Opening Soon! housing seminar that the lederal government has already approved million in loans since the new housing programs were launched last June The minister also announced that he has approved, in principle, a request from the city of Toronto for a million loan to convert 18 nouses to apart- ments and to acquire additional land for new construction. This would create 381 low-rental units. "Incidentally, this would be the first loan we have ever been able to make to a municipally-owned non-profit housing he said. THMVI They make money in fac tones and offices by day, and make music for dancing'on Saturday night. James Quig explains in Weekend Magazine this Saturday. The Lethbridge Herald Frontline family Two Cambodian children stand in their frontline bunker on Route 4 near Phnom Penh where they live with their father, a Cambodian government soldier. It is not unusual for a Cambodian trooper to take his family along on battle- field operations. Sears Save 7 to cotton and polyester sheets. Truly fashionable! 6 69 twin flat or fitted Reg. 128 threads per sq. in. Frtteds have elasto-fit cor- ners and ends. Rats cases are neatly hemmed. stripe, coloured attached border on sheets, cases. b-COUNTRY look of flowers and checks Matching borders on flats and cases. Lilac, Pink and Blue. look for summer all over check Print with 5 inch white border on flats and cases Green Blue, Pink and Gold. Reg. Sale Twin flat or fitted ea. ea, Double fiat or fined ea. 7.69 ea. Queen flat or fitted ea. ea. Pillow cases ea ea. Shopping is easy vrth a Seas aHfupose account Simpsons-Sears Ud. at Simpsons-Sears you get the finest guarantee Mfttactton or money refunded and free delivery Open daily from 9-30 a.m. to p.m. Thursday and Friday a.m. to p.rn Centre Village Mall Telephone 328-9231 Treaty to be reviewed next month World's nuclear club has no new members By JOHN W. FINNEY New York Times Service WASHINGTON Some 26 nations will gather in Geneva next month to begin an international review of the treaty to limit the spread of nuclear weapons to additional nations. As a now largely forgotten landmark in the history of arms control negotiations, the treaty, in the opinion of American officials, has proven relatively effective. At least, since the treaty went into effect in 1969, no new nation has joined the nuclear club. But as administration officials also readily acknowledge, the treaty has not yet been put to a serious test of inhibiting a nation to acquire nuclear weapons. That test may be coming, ironically because of the growing spread of technology from the peaceful uses of atomic energy. NATIONS RESTRAINED Thus far, nations have largely been restrained from "going nuclear" by the lack of technology and the fissionable materials enriched uranium and plutonium to make atomic weapons. But as seen by officials of the arms control and disarmament agency, those technological barriers may now be crumbling. Particularly in view of the oil crisis, the next 5 to 10 years should see accelerated con- struction around the world of atomic power plants. As a by-product, such power plants produce plutonium, which if it is not "cooked'' too long in a reactor can be used to make atomic bombs. Furthermore, some of the power plants will be of a gas- cooled type fjeled with the same kind of highly enriched uranium used in bombs. In addition, a new gas centrifuge technology may bring the capacity of enriching uranium to additional nations. The treaty on nuclear's weapons seeks to guard against the diversion of fissionable materials to weapons through a system of international controls supervised by the international atomic energy agency. But the controls provide more of an alarm system than a fool-proof protection against the clandestine diversion of fissionable materials. If the spread of nuclear weapons is to be prevented, therefore, Dr. Fred C Ikle, the director of the arms control and disarmament agency, believes it, will be necessary to reinforce the political inhibitions of the treaty and pay closer attention to the security needs of the non-nuclear nations. ALTERNATE SYSTEM It is partly for this reason that the administration is emphasizing a change in strategic doctrine so that U.S. atomic weapons are targeted against military bases as well as Soviet cities. The administration's argument is that the nuclear deterrent will be more credible and thus more reassuring to allies if the United States has some alternative other than an all- out attack. Arms control officials expect the preparatory meeting to highlight the issues that will dominate the review conference. One will be the persistent complaints of the non-nuclear powers that the two superpowers are not carrying out their commitment under the treaty to take steps to stop their nuclear arms race. Another will be demands from some of the non-nuclear powers for access under the treaty to atomic explosives for peaceful purposes. One indirect effect of the calling of the preparatory meeting has been that some nations have moved faster to accept the treaty to be eligible to participate in the review conference West Germany is now moving toward ratification and is expected to be followed by Italy. Japan's ratification, which had been expected .this year, could be delayed by problems within government. Thus far, 83 nations have ratified the treaty. Twenty- three nations have signed but not ratified the treaty, including Japan, Switzerland, Turkey and Egypt. Among the 39 "holdouts" are India, Pakistan, Israel, Spain, South Africa, Portugal, Brazil and Argentina. Winnipeg leading arena for world gold trading By ROBERT TRUMBULL New York Times Service WINNIPEG, Manitoba Around the turn of the century gold hunters from all over the world converged on the rich lodes in the harsh Canadian north. That heyday of the lone prospector the "sourdough" is long gone, though mechanized mines still make Canada the third largest producer of gold. Today the focus of Canadian gold trading has moved to a huge noisy room on the sixth floor of the Grain Exchange in the heart of this Prairie city. The emergence of Winnipeg, better known as the center of the Canadian wheat industry, as a leading arena for international trading in gold is a success story for the young gold-futures market (the only one in the world) established by the Winnipeg Commodity Exchange about 16 months ago. "All the major gold markets in the world are connected to Winnipeg." Robert P. Purves. chairman of the gold committee, said in an interview. "Seconds after a price is posted here it will be seen, transmitted by computers, on closed circuit television .screens in Hong Kong. You ran phone an order for half a ton of gold here and have the order filled in 10 minutes." In the futures market, prices are established through a normal process of bidding and selling